JYKJ(SZ:300242)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,897,060,575.85, representing an increase of 18.84% compared to CNY 3,279,137,837.66 in the same period last year [23]. - The net profit attributable to shareholders of the listed company reached CNY 38,226,254.54, a significant increase of 860.94% from CNY 3,978,001.13 in the previous year [23]. - The net profit after deducting non-recurring gains and losses was CNY 20,586,174.40, compared to a loss of CNY 8,904,971.02 in the same period last year, marking a 331.18% improvement [23]. - The basic earnings per share increased to CNY 0.060, up 900.00% from CNY 0.006 in the previous year [23]. - The total operating revenue for the first half of 2021 was CNY 3,897,060,575.85, an increase of 18.9% compared to CNY 3,279,137,837.66 in the first half of 2020 [149]. - The total profit for the first half of 2021 was CNY 62,099,633.44, up 795.5% from CNY 6,935,609.87 in the previous year [154]. - The company reported a total of 704.83 million yuan in other litigation matters, with a judgment amount of 541.92 million yuan and an executed amount of 21.13 million yuan, which did not form any expected liabilities [92]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,263,468,141.26, reflecting a 1.69% increase from CNY 2,225,852,353.25 at the end of the previous year [23]. - The total assets as of June 30, 2021, amounted to CNY 1,393,407,224.48, down from CNY 1,564,955,635.20 at the end of 2020 [148]. - The total liabilities as of June 30, 2021, were CNY 538,658,741.35, a decrease from CNY 701,964,581.79 at the end of 2020 [148]. - The total current liabilities rose to CNY 570,000,000.00 from CNY 480,000,000.00, indicating an increase of approximately 18.8% [142]. - The accounts receivable increased to CNY 1,489,491,510.30, representing 65.81% of total assets, up from 53.93% the previous year [49]. Cash Flow - The net cash flow from operating activities was negative at CNY -334,138,029.95, a decline of 2,604.61% compared to CNY 13,340,931.14 in the same period last year [23]. - The net cash flow from operating activities decreased by 2,604.61% to -CNY 334,138,029.95, mainly due to increased working capital requirements [43]. - The net cash flow from investing activities increased by 194.73% to CNY 56,667,480.43, primarily from the recovery of equity transfer payments [44]. - The net cash flow from financing activities increased by 208.08% to CNY 166,319,938.33, mainly due to new borrowings [44]. Revenue Sources - Internet marketing revenue accounted for 99.75% of total revenue, amounting to 3.887 billion yuan, up 18.65% year-on-year [33]. - The advertising agency sector saw a revenue increase of 59.88%, reaching 985.67 million yuan, compared to 616.52 million yuan in the previous year [33]. - Media costs constituted 99.77% of the total operating costs, amounting to 3.704 billion yuan [34]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares [5]. - The company reported a total of 36,839 shareholders at the end of the reporting period [127]. - The largest shareholder, Jiasu Network, holds 21.31% of the shares, totaling 135,225,900 shares [127]. Corporate Governance - The company has revised its articles of association as of March 15, 2021, with details disclosed on the designated information disclosure website [22]. - The company’s governance structure was revised on March 15, 2021, to comply with regulatory requirements [118]. - Zhang Bing resigned from the board on May 17, 2021, but will continue to serve as chairman and general manager of a subsidiary [117]. Risk Management - The company is closely monitoring regulatory changes in the internet marketing industry to adapt its operations accordingly, highlighting its proactive risk management approach [67]. - The company has established a customer credit rating system to assess new clients' creditworthiness and control credit risk through dynamic credit limit management [68]. - The company plans to strengthen fund management for subsidiaries to mitigate risks associated with rapid growth and cash flow shortages [68]. Operational Strategy - The company has established stable partnerships with major media outlets, including vivo, OPPO, and Xiaomi, enhancing its competitive edge in the market [38]. - The Z generation demographic is being targeted for new business opportunities, particularly in the beauty sector, to diversify revenue streams [32]. - The company is actively exploring new growth points by expanding its content matrix and enhancing brand promotion services [32]. Compliance and Legal Matters - The company is not classified as a key pollutant discharge unit and has complied with environmental protection laws without penalties during the reporting period [79]. - The company has not experienced any penalties or rectification during the reporting period [93]. - There were no significant related party transactions during the reporting period [94]. Investment and Financing - The company has not engaged in any major asset or equity sales during the reporting period, indicating a stable asset base [61]. - The company has not utilized any fundraising during the reporting period, reflecting a self-sustaining financial approach [57]. - The company has provided guarantees totaling CNY 28,300,000 for related parties, with a guarantee period extending up to three years [108]. Research and Development - The company's research and development expenses for the first half of 2021 were CNY 38,515,267.95, compared to CNY 34,924,453.10 in the first half of 2020, indicating a focus on innovation [149]. Company Background - The company operates in the internet and related services industry [174]. - The company was established in May 2002 and was listed on July 12, 2011 [174]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its ongoing viability [186].